Rep. Larsen: Phase-one didn’t improve U.S.-China trade relationship

The phase-one deal the Trump administration struck with China did not move the U.S.-Sino trade relationship forward, Rep. Rick Larsen (D-WA) said on Tuesday, calling it instead an attempt to reset the relationship to where it was before the Trump administration imposed a slew of Section 301 tariffs. “It was basically trying to get us back to zero as opposed to moving us forward,” he said during a webinar hosted by the Washington International Trade Association. Larsen, a member of...